Instant Payments
ServicesInstant Payments / Real-Time Payments
Definition
Instant Payments are electronic payments that are processed, cleared, and settled within seconds, 24/7/365. The EU Instant Payments Regulation requires banks to offer instant euro transfers, enhancing PIS use cases in Open Banking by enabling real-time account-to-account payments.
Related Terms
Frequently Asked Questions
What is Instant Payments / Real-Time Payments?
Instant Payments are electronic payments that are processed, cleared, and settled within seconds, 24/7/365. The EU Instant Payments Regulation requires banks to offer instant euro transfers, enhancing PIS use cases in Open Banking by enabling real-time account-to-account payments.
What does Instant Payments stand for in Open Banking?
Instant Payments stands for Instant Payments / Real-Time Payments. It is a fundamental concept in Open Banking and PSD2 regulations. Instant Payments are electronic payments that are processed, cleared, and settled within seconds, 24/7/365. The EU Instant Payments Regulation requires banks to offer instant euro transfers, enhancing PIS use cases in Open Banking by enabling real-time account-to-account payments.
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PIS
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AIS
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VRP
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CoF
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Consent Dashboard
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